Rancho Santa Margarita Homes and Condos Market Update

This is the market update for homes sold from November 1st through the 30th, 2010, in Rancho Santa Margarita, CA 92688 and includes single family homes and condos:

Number of Properties Sold: 49

Average Listed Price: $421,393

Average Sold Price: $417,171

Median Sold Price: $405,000 (The lowest priced home was $129,000 and the highest was $802,000)

Average Days on Market: 121

For comparison, the following is the data for listings sold in October 2010 for the same demographic:

Number of Properties Sold: 70

Average Listed Price: $383,102

Average Sold Price: $379,595

Median Sold Price: $393,500 (The lowest priced home was $97,000 and the highest was $875,000.)

Average Days on Market: 95

When considering these data, remember that November has only 30 days and the Thanksgiving holiday may have affected the total number of sales.

Information provided through the SoCal MLS.